NYSE$OPAD
Offerpad Solutions Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Offerpad reported a decrease in net loss and adjusted EBITDA for the full year 2024, alongside a reduction in total operating expenses and growth in Renovate closed projects.
Offerpad reported a net loss of $17.3 million for Q4 2024, with revenue at $174.3 million. For the full year 2024, the net loss improved by 47% to $62.2 million, and total operating expenses decreased by 32% to $118.2 million. Renovate closed projects grew by 49% year-over-year, surpassing $18 million in revenue.
- Q4 2024 revenue was $174.3 million, exceeding the midpoint of guidance.
- Full year 2024 net loss improved by 47% or $55 million compared to the prior year.
- Total operating expenses for FY 2024 decreased by $56.4 million or 32% to $118.2 million.
- Renovate closed projects grew to 1,096, surpassing $18 million in revenue for FY 2024, a 49% increase year-over-year.
Headline financials
Revenue & EPS history
Offerpad · Revenue · Quarterly
$174M
Revenue by segment
Offerpad · $2.81M total across 1 segment · Q1 2023
- Renovate$2.81M—100.0%
Forward guidance
For Q1 2025, Offerpad expects homes sold to be between 450 and 500, revenue between $150 million and $170 million, and Adjusted EBITDA to be slightly better.
Tailwinds
- Expected homes sold between 450 and 500 for Q1 2025.
- Anticipated revenue between $150 million and $170 million for Q1 2025.
- Adjusted EBITDA expected to be 'Slightly Better' for Q1 2025.
- Focus on increasing acquisition activity in 2025.
- Commitment to maintaining cost discipline and positioning for long-term stability and growth.
Headwinds
- No specific numerical target for 'Slightly Better' Adjusted EBITDA, indicating potential variability.
- Revenue guidance range of $20 million, suggesting some uncertainty.
- Homes sold guidance range of 50, indicating potential variability.
- No specific guidance on net income or EPS for Q1 2025.
- The company is unable to provide a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted net income (loss) due to unreasonable efforts.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
-5.9%
Avg return
Earnings day
-5.6%
Avg return
5 days after
+34.7%
Avg return
30 days after
25%
6 / 24 earnings
Positive
+26.4%
Q4 2021
Best reaction
-26.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -17.0% | +859.2% | |
| Q4 2025 | -6.8% | -3.7% | -17.3% | |
| Q3 2025 | -26.1% | -21.7% | -13.9% | |
| Q1 2025 | -9.4% | +1.9% | +4.9% | |
| Q4 2024 | -3.6% | -10.0% | -18.2% | |
| Q3 2024 | +1.3% | +17.0% | +56.7% | |
| Q2 2024 | -16.8% | -22.5% | -7.2% | |
| Q1 2024 | -8.9% | -3.6% | -35.1% | |
| Q4 2023 | -6.5% | -6.9% | -9.1% | |
| Q3 2023 | +1.8% | +3.5% | +28.2% | |
| Q2 2023 | -4.9% | -14.0% | +5.8% | |
| Q1 2023 | -4.7% | +15.9% | +27.9% | |
| Q4 2022 | -9.8% | -18.2% | -26.6% | |
| Q3 2022 | -26.0% | -29.4% | -32.2% | |
| Q2 2022 | -17.7% | -20.5% | -36.4% | |
| Q1 2022 | +2.5% | -11.0% | -6.8% | |
| Q2 2021 | -11.4% | -12.5% | +1.8% | |
| Q4 2019 | -11.4% | -12.5% | +1.8% | |
| Q1 2020 | -11.4% | -12.5% | +1.8% | |
| Q4 2021 | +26.4% | +32.9% | +45.9% | |
| Q3 2021 | +2.3% | +11.0% | +5.5% | |
| Q1 2021 | +0.0% | +0.0% | +0.3% | |
| Q4 2020 | +0.0% | +0.0% | -1.3% | |
| Q2 2020 | +0.0% | +0.0% | -1.3% | |
| Q3 2020 | — | — | — |
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